obama has also nominated a new treasury secretary. that is jack lew who is currently the white house chief of staff. the president nominated jack lew to be treasury secretary last week. and here comes the president of the united states. >> please, have a seat, everybody. good morning. i thought it might make sense to take some questions this week as my first term comes to an end. it's been a busy and productive four years, and i expect the same for the next four years. i intend to carry out the agenda that i campaigned on, an agenda for new jobs, new opportunity and new security for the middle class. now, right now our economy is growing and our businesses are creating new jobs so we are poised for a good year. if we make smart decisions and sound investments and as long as washington politics don't get in the way of america's progress. as i said on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. and for nearly two years now